The marine autopilot systems are capable of performing their function in extremely risky conditions such as operating in turbulent flow of water. By setting the route and direction, the marine autopilot system delivers a hassle-free experience to both passengers and staff. It efficiently manages the course deviation while reducing power consumption.
MARKET DYNAMICS
Due to increase in the use of container and cargo ships for the transportation of parcels is one of a factor which helps in driving the deployment of autopilot in marine and therefore, positively impact the growth of the market. Nevertheless, integration of marine autopilot system with autonomous boats is anticipated to provide tremendous opportunities for the players operating in the marine autopilot market.
MARKET SCOPE
The "Global Marine Autopilot Market Analysis to 2028" is a specialized and in-depth study of the electronics and semiconductor industry with a special focus on the global market trend analysis. The report aims to provide an overview of the marine autopilot market with detailed market segmentation by component, application, and geography. The global marine autopilot market is expected to witness high growth during the forecast period. the report provides key statistics on the market status of the leading marine autopilot market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global marine autopilot market is segmented on the basis of component and application. Based on component, the market is segmented into hardware, software, and services. The hardware segment is further bifarcated into GPS-units, actuators, compasses, and others. On the basis of application, the marine autopilot market is segmented into container ships, recreational boats, fishing vessels, passenger ships, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global marine autopilot market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The marine autopilot market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the marine autopilot market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South & Central America after evaluating political, economic, social and technological factors affecting the marine autopilot in these regions.
MARKET PLAYERS
The reports cover key developments in the marine autopilot market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from marine autopilot market are anticipated to lucrative growth opportunities in the future with the rising demand for marine autopilot in the global market. Below mentioned is the list of few companies engaged in the marine autopilot market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the marine autopilot market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- AL MARAKEB
- ComNav Marine Ltd.
- Commercial & Marine Comms Ltd
- Furuno Electric Co.,Ltd.
- Garmin Ltd.
- Honeywell International Inc.
- Micropilot, Inc.
- Navico Group
- Raymarine (FLIR Systems, Inc.)
- Rice Electronics
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